Bill Clinton: “But it's never been tried. First of all, it's never been tried in the comprehensive way we're doing it, where we're…”

“But it's never been tried. First of all, it's never been tried in the comprehensive way we're doing it, where we're going to work with these communities and help them. Secondly, it has never been tried when the economy was this prosperous and when everybody is asking the very question that we've been talking about--all the business community, you ask them--we started with the stock market, how long can the stock market stay; is inflation--if we have inflation, will that bring the stock market down? Everybody is worried--we've already got the longest peacetime expansion in history; how much longer can it go on without inflation? Now, my argument is that every American ought to be interested in this new markets initiative because one sure way to grow the economy without inflation is to invest in a place where you have both more businesses and more consumers--more business, more employees, more consumers. There is no inflationary impact to that growth. And it's right there at our feet. And every American who believes in free trade ought to believe in the new markets initiative because it's closer to home with the same direct benefits and no inflation. And so there is--if I can use a little jargon, there is a macroeconomic benefit as well as the human benefit of doing this. I think we've got the best chance in my lifetime to get this done, the best chance since the early sixties. We lost control of the economy in the late sixties. We had inflation with guns and butter, and we've never had a chance since then to do this. We've got it now. Ms. Gharib. I'm getting notices that my time is up. But would you give me permission to ask you one last question?”